Listen To The Article Experion Developers Singapore’s real estate focussed fund received the highest votes for Blackstone-backed besieged Dignity Buildcon in a deal that would imply a 50% recovery for lenders originally led by Stanchart Bank, as per the application filed by the resolution expert with the bankruptcy court. Experion Developers offered Rs 450 crore for the real estate...
Listen To The Article Ganga Realty a Gurugram-based developer, will invest Rs 750 crore in developing Tathastu, an affordable housing project in Sector 5, Sohna. The project will be spread across around 22 acres and offer 3 BHK apartments with a carpet area of 645.73 square feet at a price of Rs 25.14 lakh onwards. The project is located in Sohna-Gurugram Sector 5 and is only a...
Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
Listen To The Article The department of town and country planning (DTCP) Gurugram has directed its planning wing officials not to issue occupation certificates (OCs) to residential properties where the owners have built a four-story building plan. According to DTCP officials, many residential plot owners have built four-story buildings despite only receiving approval for two floors. They...
Listen To The Article DLF plans to launch a new ultra-luxury project with 1,100 housing units on Golf Course Extension Road in Gurgaon. It has an estimated revenue potential of Rs 8,000 crore in the future. The official launch is scheduled for the next week. After a decade, DLF will launch a high-rise condominium. Crest and Camellias were their most recent projects in Gurgaon. DLF Limited...
Listen To The Article Two more towers in the Chintels Paradiso Society have been declared unsafe, where two people were killed last year when Tower D partially collapsed, officials said on Tuesday, citing an IIT-Delhi structural audit report. Towers E and F of the society in Sector 109 are declared unfit for human habitation, according to Additional Deputy Commissioner (ADC) Vishram Kumar...
Listen To The Article DLF Limited, a real estate giant, plans to launch a luxury housing project in Gurugram next month, with an estimated sales revenue of around 7,500 crore, in order to capitalise on strong demand for high-end apartments. DLF Group Executive Director and Chief Business Officer Aakash Ohri told that the company intends to build around 1,100 apartments in this residential...
Listen To The Article The National Consumer Disputes Redressal Commission (NCDRC) ordered Ramprastha to refund the entire amount paid by seven homebuyers, along with 12% interest. Around eight years ago, the homebuyers paid Rs 70-80 lakh for flats in the SKYZ project, which is part of Ramprastha City in Sector 37D. They are now expected to receive around Rs 1.2 crore each from the...
Listen To The Article The Haryana real estate regulatory authority (HRERA) Gurugram bench has issued a show-cause notice to the promoter of Ansal Highland Park after the developer failed to submit the necessary documents for the housing project. Ansal Highland Park is a residential group housing colony being built in Gurugram’s Sector 103. The authority stated in its proceedings that "The...
Listen To The Article Signature Global, a real estate developer based in Gurugram, has launched the second phase of its two luxurious independent floor projects. The first SG City 63A is located on Golf Course Extension Road, and the second SG City 37 D (II) is located in Sector 37, Gurugram. The premium-luxury project Signature Global 63A, which is spread across 5 acres, offers a...